Alibaba-backed Best Inc raises $450 million in IPO after slashing terms

HONG KONG (Reuters) - Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.

HONG KONG (Reuters) - Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.